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News and Events

Share Prices of NOW Corp and Chelsea Logistics Mirror Vagaries of 3rd Telco Race

Not just the bidders but thousands of market investors also won and lost in the selection process

Dennis Uy, a Davao-based business tycoon and one of President Rodrigo Duterte’s biggest campaign contributors in the 2016 elections, is one step closer to becoming the operator of the country’s third major telecommunications company.Mislatel Consortium, which is composed of Uy’s Udenna Corp. ...

by Pauline Macaraeg  | November 07, 2018 06:00:00
News and Events

UPDATED: Group of Dennis Uy and China Telecom Named PH's 3rd Telco

The company's second package of bid documents is now under evaluation

Updated: Mislatel, the newly formed consortium of Davao-based businessman Dennis Uy’s Udenna Corp., its subsidiary Chelsea Logistics Holdings Corp., and China Telecom, has been provisionally named as the new major telecommunications player on Wednesday, November 7.The consortium garnered 456.8 points for its ...

by Elyssa Christine Lopez  | November 07, 2018 04:00:00
News and Events

3rd Telco Race Down to Groups Led by Davao's Dennis Uy, Ilocos' Chavit Singson and PT&T

Most of the 10 companies who bought bid documents for Php1 million stayed away because of tough rules

UPDATE: Mislatel, the newly formed consortium of Davao-based businessman Dennis Uy’s Udenna Corp., its subsidiary Chelsea Logistics Holdings Corp., and China Telecom, has been provisionally named as the new major telecommunications player on Wednesday, November 7. Read the full story here.Only three groups of ...

by Elyssa Christine Lopez  | November 07, 2018 12:00:00
News and Events

Will PH Really, Finally Have a 3rd Telco in 101 Days?

DICT releases final guidelines on selection of new major player in time for Duterte's Christmas deadline

The Department of Information and Communications Technology (DICT) released the final rules to govern the selection of the new major telecommunications player on September 21, after seven months of talks and deliberations with stakeholders.The 27-page Memorandum Circular (MC) No. 09-09-2018’s release comes ...

by Elyssa Christine Lopez  | September 21, 2018 06:00:00
News and Events

Rates on Calls and Texts to Other Networks to Drop 67%-80% by August

National Telecommunications Commission set to publish order that takes effect 15 days after

The National Telecommunications Commission (NTC) is publishing an order instructing telecommunication companies to lower interconnection rates on calls and texts on Friday, July 20. The order takes effect 15 days after, or in early August. The order is seen to benefit the ...

by Elyssa Christine Lopez  | July 19, 2018 05:00:00
News and Events

Beauty Contest or Bidding War: What's the Best Way to Select the 3rd Telco Player?

How government will choose a new telecoms firm will impact industry and consumers alike

After months of delay, the Department of Information and Communications Technology (DICT) finally released not one, but two diametrically opposing drafts of Terms of Reference (ToR) for the selection of the new major player (NMP) in the telco industry on the last ...

by Elyssa Christine Lopez  | July 03, 2018 03:00:00
News and Events

PLDT, Globe to buy San Miguel’s telco assets

It’s a ‘brand new day for PH Internet,’ tweets PLDT Inc’s CEO Manny Pangilinan.

Philippine Long Distance Telephone Company (PLDT) and Globe Telecom are buying the remaining telecommunication assets of San Miguel Corporation (SMC), PLDT said in a statement on Monday, May 30.“Brand new day for PH (Philippine) Internet. We now have access to additional frequencies ...

by Elyssa Christine Lopez  | May 30, 2016 01:00:00
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